Request Sample Inquiry
Trocars Market

Trocars Market

Trocars Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

132

Base Year:

2021

Date

Mar - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1395

Segments Covered
  • By Product Disposable Trocars, Reposable Trocars, Reusable Trocars, Accessories
  • By Tip Bladeless Trocars, Optical Trocars, Blunt Trocars, Bladed Trocars
  • By Application General Surgery, Gynaecological Surgery, Urological Surgery, Pediatric Surgery, Other Surgeries
  • By End User Hospitals, Other End Users
  • By Regions North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 619.20 USD Million
Revenue 2028Revenue 2028: 924.05 USD Million
Revenue CAGRRevenue CAGR (2022 - 2028): 6.90%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Trocars Market Share

Trocars market

Market Synopsis

The trocar is a medical made up of an awl, a cannula, and a seal and is placed through the abdomen during laparoscopic surgery. The trocar performs functions such as a portal for the subsequent placement of other instruments like graspers, scissors, staplers, etc. Moreover, laparoscopy or minimally-invasive surgery, has changed the world landscape completely because of the benefits that this procedure offers which includes minimization of trauma, quickened pace of recovery, and smaller incisions, all of which lead to better patient outcomes, which have contributed to the growing popularity of laparoscopic procedures. This, in turn, resulted in the growing demand for specialized equipment for minimally-invasive procedures, including Trocars, fuelling the demand for Trocars in the forecast period. In addition, the use of minimally invasive surgeries in some cases of gynecological problems as it allows the doctor to get a more detailed internal view of the pelvic area is growing the demand for the Trocars market in various application areas. The widening base of the elderly population is leading to increased demand for surgeries. This, in turn, is growing demand for the Trocars market in the coming year.

Trocars Market Size, 2021 To 2028 (USD 924.05 Million)

Market Segmentation:

The Trocars market is segmented on the basis of product, tips, application, and End User. On the basis of products, the market is segmented as Disposable Trocars, Reposable Trocars, Reusable Trocars, and Accessories. On the basis of tips, the market is segmented as Bladeless Trocars, Optical Trocars, Blunt Trocars, and Bladed Trocars. On the basis of application, the market is segmented as General Surgery, Gynaecological Surgery, Urological Surgery, Pediatric Surgery, and Other Surgeries. On the basis of End Users, the market is segmented as Hospitals, and Other End Users.

Below tree is interactive. You can click the nodes to get more information.

The Disposable Trocars were the most preferred in the forecasted period.

Disposable Trocars are the more preferred ones due to the growing use of laparoscopic surgery, lower post-operative infection, and ease of usage, are contributing to the growth of the segment. The reusable trocar segment is anticipated to grow rapidly in the coming years. Factors such as cost efficiency and easy access to the internal structure of the body are contributing to the growth of the market. The cost factor of disposable devices and the environmental aspect of reusable Trocars will fuel the growth of this segment in upcoming years.

The general surgeries segment is estimated to hold the largest share in the market during the forecast period.

The general surgery sector is anticipated to account for the biggest market share. The large share of this segment is due to the rising number of bariatric and hernia treatment procedures, rising number of obesity and appendicitis cases, lesser healing time when compared to traditional operations, minimally invasive surgeries are becoming more popular. Laparoscopic gynecologic surgeries are now being practiced widely due to their several benefits such as precise and detailed view of the pelvic area, low chance of getting post infections compared to conventional surgeries, and rapid healing.

The Asia Pacific is anticipated to register the highest growth during the study period.

The Asia Pacific is anticipated to witness a high growth rate during the forecast period due to an increase in the development of health care facilities and infrastructure, and increased investment by leading international hospital chains in emerging countries such as China, India, South Korea, and Japan. In addition, the rising preference for minimally invasive surgeries over conventional open surgeries is likely to propel the growth of the Asia Pacific market during the forecast period.

North America dominates the Trocars market due to rising preference for laparoscopic surgeries to open surgeries and growing competition, increasing awareness regarding the benefits of minimally invasive surgeries and laparoscopic procedures, well-established health care infrastructure, high per capita health care expenditure, and increasing healthcare expenditure in this region. In addition, most of the population in Canada and the United States are insured, which enables them to obtain these procedures at subsidized rates. As a result, North America is predicted to have strong growth throughout the projection period.

Competitive Landscape-

Some of the major key players in the Trocars Market are Medtronic (Ireland), Ethicon (US), B. Braun (Germany), Applied Medical (US), Cooper Companies (US), Teleflex (US), CONMED (US), LaproSurge (UK), Purple Surgical (UK), and GENICON (US).

Trocars Market is segmented as follows:

Parameter Details
Segments Covered
  • Product (Disposable Trocars, Reposable Trocars, Reusable Trocars, Accessories)
  • Tip (Bladeless Trocars, Optical Trocars, Blunt Trocars, Bladed Trocars)
  • Application (General Surgery, Gynaecological Surgery, Urological Surgery, Pediatric Surgery, Other Surgeries)
  • End User (Hospitals, Other End Users)
  • Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Medtronic (Ireland)
  • Ethicon (US)
  • B. Braun (Germany)
  • Applied Medical (US)
  • Cooper Companies (US)
  • Teleflex (US)
  • CONMED (US)
  • LaproSurge (UK)
  • Purple Surgical (UK)
  • and GENICON (US).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Trocars Market is tabulated as follows:

FAQ
Frequently Asked Question
  • The global Trocars valued at 619.20 USD Million in 2020 and is expected to reach 924.05 USD Million in 2028 growing at a CAGR of 6.90%.

  • The prominent players in the market are Medtronic (Ireland), Ethicon (US), B. Braun (Germany), Applied Medical (US), Cooper Companies (US), Teleflex (US), CONMED (US), LaproSurge (UK), Purple Surgical (UK), and GENICON (US)..

  • The market is project to grow at a CAGR of 6.90% between 2021 and 2028.

  • The driving factors of the Trocars include

    • growing demand for specialized equipment for minimally-invasive procedures

  • North America was the leading regional segment of the Trocars in 2020.